Kipp New York INC: Nonprofit Profile, Financials & Form 990 (EIN 20-3971209)

Revenue by fiscal year
FY2020	$19.2M
FY2021	$36.1M
FY2022	$36.3M
FY2023	$64.8M
FY2024	$59.7M
FY2025	$55.4M

Expenses by fiscal year
FY2020	$19.9M
FY2021	$25.5M
FY2022	$33.4M
FY2023	$38.7M
FY2024	$57.2M
FY2025	$54.1M

Net assets by fiscal year
FY2020	$41.8M
FY2021	$52.4M
FY2022	$55.3M
FY2023	$64.7M
FY2024	$64.5M
FY2025	$65.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Part of a larger organization · Schedule R

Kipp New York INC files its own Form 990, but Schedule R discloses 11 related entities — figures on this page are for this EIN only, not the whole group.

Kipp Academy Charter School · Bronx Hs Site LLC · Kipp Nyc LLC · Kipp New York Facilities LLC + 7 more · see all

Combined filings · FY2025 · 4 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 20% of group revenue.

Group revenue

$283.4M

Group expenses

$283.0M

Group net assets

$120.0M

Kipp Academy Charter School · $24.5M rev · $1.5M net assets

Kipp Nyc Facility Holdings INC · $1.2M rev · $25.2M net assets

Kipp Nyc Public Charter Schools II · $202.3M rev · $28.2M net assets

Where the money goes

92 cents of each dollar spent went to programs.

92%

Program services 92% · $49.9M Management & general 4% · $2.2M Fundraising 4% · $1.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990; $4.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Alicia Johnson

Chief Executive Officer

$463,490Pt VII · Sec A

Natalie Webb

Deputy Superintendent

$322,419Pt VII · Sec A

Carolyn Hack

President

$305,865Pt VII · Sec A

Lakeshia Highsmith

Chief People Officer

$295,971Pt VII · Sec A

Jane Dowling

Chief of External Affairs

$295,325Pt VII · Sec A

Edward Laux

SR. MD Tech & Facilities

$294,119Pt VII · Sec A

Leslie Kim

Chief Academic Officer

$277,933Pt VII · Sec A

Dana Willis

General Counsel

$252,375Pt VII · Sec A

Alicia Johnson’s $463K as Chief Executive Officer is at the 86th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Alicia Johnson	$463,490	$463,490	$351,165	$343,836	$318,228	$323,602
Diane Flynn	—	$115,621	$438,390	$402,174	$245,953	—
Ahkilah Johnson	—	—	$325,860	$308,928	—	—
Natalie Webb	$322,419	$322,420	—	$78,640	$137,436	$128,962
Carolyn Hack	$305,865	—	—	—	—	—
Lakeshia Highsmith	$295,971	—	—	—	—	—
Jane Dowling	$295,325	$295,325	$258,798	$243,766	$220,627	—
Edward Laux	$294,119	$294,119	$244,814	$247,948	$219,117	$227,735

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Raises and manages funds to support the operations, programs, and advancement of KIPP public charter schools in New York City.

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Provided by the organization

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1 program · $49.9M · in their own filed words · FY2024

01

To provide support to kipp nyc schools. To solicit, raise, receive, hold, invest and expend funds for the advancement and furtherance of such purposes and to engage in any and all lawful activities in the furtherance of the foregoing purposes.

$49.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Hansan Family Foundation INCFY2025$4K

Total grants receivedfrom 1 funder$4K

Grants paid · 24 grants · $5.0M · 2019–2024

Unitemized GrantFY2024$523,168

Unitemized GrantFY2024$49,300

Unitemized GrantFY2024$10,000

Kipp Nyc Public Charter Schools IINY · FY2023$1,755,924

Kipp Academy Charter SchoolNY · FY2023$143,808

Unitemized GrantFY2023$97,314

Unitemized GrantFY2023$65,550

Unitemized GrantFY2022$223,217

Unitemized GrantFY2022$73,500

Unitemized GrantFY2022$31,729

Pcs Properties Foundation INCNY · FY2022$25,453

Unitemized GrantFY2022$8,122

Kipp Nyc Public Charter Schools IINY · FY2021$750,000

Unitemized GrantFY2021$214,881

Unitemized GrantFY2021$49,665

Unitemized GrantFY2021$31,750

Unitemized GrantFY2021$7,813

Unitemized GrantFY2020$365,000

See all 24 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$55.4M

Ln 12

Fees for servicesLn 2g$45.9M

Gifts and grantsLn 1h$7.4M

Investment incomeLn 3$2.0M

Money outPt IX

$54.1M

Ln 25

Programscol B$49.9M

Managementcol C$2.2M

Fundraisingcol D$1.9M

Owns and owesPt X

$65.1M

net assets · Ln 32

Cash and savingsLn 1–2$41.6M

Total assetsLn 16$86.4M

LiabilitiesLn 26$21.3M

PeoplePt VI, VII

27

listed · VII A

PaidVII A16

Voting boardVI 1a11

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.4M

Government grantsLn 1e$102K

Noncash giftsLn 1g$110K

Fees for servicesLn 2g$45.9M

Investment incomeLn 3$2.0M

Other incomeLn 4–11$111K

Total revenueLn 12$55.4M

Assets in detailPt X, end of year

CashLn 1$30.0M

SavingsLn 2$11.6M

Cash and savings togetherLn 1–2$41.6M

Land, buildings, equipmentLn 10c$302K

Other assetsLn 15$10.8M

Total assetsLn 16$86.4M

LiabilitiesLn 26$21.3M

Net assetsLn 32$65.1M

OperationsPt I, VI

EmployeesI 5355

VolunteersI 672

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$62.6M	$41.6M
Land, buildings, equipmentLn 10c	$229.8M	$302K
Total assetsLn 16	$384.3M	$86.4M
LiabilitiesLn 26	$319.8M	$21.3M
Net assetsLn 32	$64.5M	$65.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$582K	$582K
Pay of current officers, directors and key staffLn 5	$3.5M	$2.8M	$523K	$174K
Other salaries and wagesLn 7	$17.6M	$15.9M	$775K	$878K
Pension plan contributionsLn 8	$489K	$444K	$20K	$24K
Other employee benefitsLn 9	$2.5M	$2.3M	$123K	$125K
Payroll taxesLn 10	$1.4M	$1.3M	$86K	$71K
Legal feesLn 11b	$175K	$175K
Accounting feesLn 11c	$73K		$73K
Other fees for servicesLn 11g	$4.4M	$4.4M	$23K	$3K
Advertising and promotionLn 12	$77K	$77K
Office expensesLn 13	$883K	$758K	$80K	$45K
Information technologyLn 14	$944K	$915K	$19K	$9K
OccupancyLn 16	$6.8M	$6.3M	$184K	$307K
InterestLn 20	$7.7M	$7.7M
Depreciation, depletion and amortizationLn 22	$4.8M	$4.7M	$48K
InsuranceLn 23	$195K	$180K	$6K	$10K
Other expenses (24a–d)Ln 24	$2.0M	$1.4M	$279K	$284K
Total functional expensesLn 25	$54.1M	$49.9M	$2.2M	$1.9M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$55.4M	$54.1M	$1.4M	$65.1M	990 PDF
FY2024	$59.7M	$57.2M	$2.5M	$64.5M	990 PDF
FY2023	$64.8M	$38.7M	$26.1M	$64.7M	990 PDF
FY2022	$36.3M	$33.4M	$2.9M	$55.3M	990 PDF
FY2021	$36.1M	$25.5M	$10.6M	$52.4M	990 PDF
FY2020	$19.2M	$19.9M	−$735K	$41.8M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $55,446,489 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $9,336,534$7,356,469

I-9 Program service revenuePrior year $46,365,402$45,943,348

I-10 Investment incomePrior year $3,856,438$2,036,093

I-11 Other revenuePrior year $170,133$110,579

I-12 Total revenuePrior year $59,728,507$55,446,489

I-13 Grants and similar amounts paidPrior year $2,062,596$582,468

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $25,665,048$25,462,442

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $29,458,747$28,042,248

I-18 Total expensesPrior year $57,186,391$54,087,158

I-19 Revenue less expensesPrior year $2,542,116$1,359,331

Part VI · Governance 11 of 11 board members independent, 1 to look at

VI-1a Voting members of the governing body11

VI-1b Independent voting members11

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $55,446,489 across 8 lines filed

VIII-1e Government grants$101,925

VIII-1f All other contributions, gifts and grants$7,254,544

VIII-1g Noncash contributions (included above)$109,793

VIII-1h Total contributions, gifts and grants$7,356,469

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $45,943,348$45,943,348

VIII-3 Investment incomeExcluded from tax $2,036,093$2,036,093

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $110,579$110,579

VIII-12 Total revenueRelated to mission $45,943,348 · Unrelated business $0 · Excluded from tax $2,146,672$55,446,489

Part IX · Statement of functional expenses $54,087,158 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $582,468$582,468

IX-5 Pay of current officers, directors and key staffPrograms $2,790,960 · Management $523,306 · Fundraising $174,435$3,488,701

IX-7 Other salaries and wagesPrograms $15,900,336 · Management $775,258 · Fundraising $877,662$17,553,256

IX-8 Pension plan contributionsPrograms $444,462 · Management $20,306 · Fundraising $24,462$489,230

IX-9 Other employee benefitsPrograms $2,257,460 · Management $123,370 · Fundraising $125,307$2,506,137

IX-10 Payroll taxesPrograms $1,268,355 · Management $85,507 · Fundraising $71,256$1,425,118

IX-11b Legal feesPrograms $175,280$175,280

IX-11c Accounting feesManagement $72,824$72,824

IX-11g Other fees for servicesPrograms $4,392,353 · Management $22,786 · Fundraising $3,155$4,418,294

IX-12 Advertising and promotionPrograms $77,333$77,333

IX-13 Office expensesPrograms $757,858 · Management $79,903 · Fundraising $44,945$882,706

IX-14 Information technologyPrograms $915,471 · Management $18,876 · Fundraising $9,438$943,785

IX-16 OccupancyPrograms $6,318,888 · Management $184,332 · Fundraising $307,219$6,810,439

IX-20 InterestPrograms $7,727,767$7,727,767

IX-22 Depreciation, depletion and amortizationPrograms $4,717,161 · Management $47,648$4,764,809

IX-23 InsurancePrograms $179,698 · Management $5,860 · Fundraising $9,766$195,324

IX-24 Other expenses (24a–d)Programs $1,410,240 · Management $279,384 · Fundraising $284,063$1,973,687

IX-25 Total functional expensesPrograms $49,916,090 · Management $2,239,360 · Fundraising $1,931,708$54,087,158

Part X · Balance sheet $86,413,780 assets, 16 lines filed

Asset lines not itemized here account for $20,208,633; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $19,850,529$30,028,349

X-2 Savings and temporary cash investmentsStart of year $42,726,650$11,568,104

X-3 Pledges and grants receivableStart of year $15,497,145$10,676,578

X-4 Accounts receivableStart of year $6,673,007$1,952,631

X-9 Prepaid expenses and deferred chargesStart of year $2,946,857$918,861

X-10c Land, buildings and equipment, netStart of year $229,750,993$301,989

X-15 Other assetsStart of year $43,993,813$10,758,635

X-16 Total assetsStart of year $384,347,627$86,413,780

X-17 Accounts payable and accrued expensesStart of year $13,390,565$4,262,911

X-19 Deferred revenueStart of year $804,222$4,263,107

X-25 Other liabilitiesStart of year $40,840,386$5,153,656

X-26 Total liabilitiesStart of year $319,837,496$21,304,175

X-27 Net assets without donor restrictionsStart of year $60,649,074$63,429,605

X-28 Net assets with donor restrictionsStart of year $3,861,057$1,680,000

X-32 Total net assets or fund balancesStart of year $64,510,131$65,109,605

X-33 Total liabilities and net assetsStart of year $384,347,627$86,413,780

Part XI · Reconciliation of net assets $65,109,605 net assets at year end

XI-1 Total revenue$55,446,489

XI-2 Total expenses$54,087,158

XI-3 Revenue less expenses$1,359,331

XI-4 Net assets at start of year$64,510,131

XI-5 Net unrealized gains (losses) on investments$236

XI-9 Other changes in net assets−$760,093

XI-10 Net assets at end of year$65,109,605

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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